Holidays Signal Quiet Bitcoin Price Through Year's End?
The last quarter of the year has included the most exciting bitcoin trading of the entire year, but the rest of the year will likely see a lull in trading and a consolidation around current levels. Any fall down below $400 will represent further price softness into the New Year, it seems. However, since we are now on the cusp of two holidays – both Christmas and the New Year – trading volume will decrease on all markets, including Bitcoin, likely leading to further price uncertainty. After having fallen nearly 10% to a 1-week low, some have wondered if Bitcoin’s price will settle in the....
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Yesterday, the price of Bitcoin was near $420 almost all the time. A Lack of news and the calm actions of investors made yesterday a quiet day in the market. Today at 3:00 p.m. London time we expect the publication of consumer confidence in December data in the US. The forecasted number of 93.3 against the previous 90.4 should have, a weak, but positive impact on the Dollar. If this indicator exceeds the forecasted number by two points, than the Dollar may get a very strong signal for growth. Today, December 29, the sideways trend is expected to continue in the corridor of $415-$440. The....
Bitcoin has a tendency to spike on Monday and Tuesdays after a quiet weekend with little news. New money is flowing into the different Bitcoin-exchanges and people want more action. This time it is a bit special since it's the little Christmas eve. I believe that Bitcoin might rise with more than 10% on Monday. And here is why I believe so: There will be very little negative news about Bitcoin during the Christmas holidays. Governments (that can make most of the bad news) are off to their own holidays. People are in a happy mood where they want to see positive news. This will keep....
Things may be calmer than expected as 2021 ends, but the chances for "face-melting" green candles are still there, say analysts. Bitcoin (BTC) starts a new week near $51,000 as the end of 2021 draws near and traders down tools for the holidays.After a $50,000 Christmas, Bitcoin continues to take stock of a year in which it has gone from $29,000 to $69,000 and halfway back again.Expectations were certainly not for such eerie calm to round out December — a blow-off top, the majority argued, should have already taken the market to $100,000 and beyond.Instead, after dipping to $41,800, a slow....
Stack Funds’ analysis suggests that Bitcoin’s floor price has yet to be found as the Chinese New Year approaches. The upcoming Chinese New Year holidays on Feb. 12 could have an indirect impact on the Bitcoin (BTC) price and drive sell-offs on the market, according to a recent analysis. Per a Jan. 28 report by cryptocurrency investment firm Stack Funds, the ongoing selling pressure on the Bitcoin price is likely to continue in the short term due to Asian miners increasingly offloading their funds amid the upcoming week-long holiday.With more than 60% of global Bitcoin mining pools are....
Bitcoin price has not made any significant move during quiet Saturday trade. The start of day in the US may change that, but for now it looks like continuing inaction will be the prospect. A quiet day in the bitcoin price chart as price sticks close to the 200-hour moving average. Low volume trade keeps price within the constraints of the converging support near $449 (Bitstamp) and the horizontal resistance zone between $462 and $470. The recommendation remains that traders and investors wait for price to establish above the red resistance zone before committing to buy positions.....